What’s in store for Franchises?

In today’s post we explore some top franchises in the UK, shining a spotlight on how they got to where they are. We highlight some of the important lessons which we can learn from them. With over 120 industries currently having franchised companies, it’s clear to see that that franchises are popping up everywhere, which is indeed the whole point of them in any case.

Greggs

John Gregg’s delivery service started operations in the 1930s, with him at the helm and delivering eggs and yeast to families on his pushbike in Newcastle upon Tyne. In 1951 John went on to open up a small bakery on Gosforth High Street; this was after his delivery service had been helping families bake their own bread for over a decade. Following his father’s death, Ian Gregg took over the business.

As the company expanded in part by investing in a large Technical Centre, it has further evolved to operate out of nearly 1,700 shops nationwide today, while still staying true to its roots in the local communities it services. So Greggs offers a popular range nationally, but still sells regional favourites depending on the specific location though which you’d access their store.

Wetherspoon’s

Originally trading under the Martin’s Free House name, the first Wetherspoon’s opened up for business in North London, in 1979, with operations running out of a former bookmakers’ store. The chain’s success can perhaps be attributed to its positioning. It is located in key locations and embraces the festival spirit. It is also involved in a biannual beer festival featuring 60 beers on tap and it also draws much of its success from offering great meal deals that always prove to be extremely popular.

Flexibility and adaptability – that’s what has helped Wetherspoon’s succeed the most.

Lookers Group

Founded by John Looker in 1908 (Manchester), Lookers boasts a long history which encompasses involvement in World War II, as well as a stock exchange listing. It currently operates as one of the UK’s top three motor vehicle retailers, offering a variety of car service parts, representative of 32 manufacturers and selling car types through 150 franchised dealerships. The key business features of the company encompass the valuing of the people who would be served, a philosophy which has seen the Group receiving top UK employer accreditations both in 2017 and 2018. As recognised by the Group, in order to succeed it’s of great importance to look after your own.

There is continuous growth offered by the franchising world. Additionally, it really doesn’t seem to matter which industry you ultimately decide to select. The ready-made business model you receive as a franchisee equips you with everything you need to keep your skills sharp, all while you’d be joining a business that would already be thriving. This would naturally make you feel that you have a much better chance of success. So as a prospective business owner, make sure you research the availability of any possible franchises that could be of interest to you, prior to pushing ahead with your idea.